Craig Ian M. 4
4 · REPUBLIC SERVICES, INC. · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
Republic Services (RSG) Director Craig Ian M. Receives RSU Award
What Happened
Craig Ian M., newly appointed director of Republic Services (RSG), was granted 919 restricted stock units (RSUs) on 2026-02-10. The RSUs were recorded at $0.00 acquisition price (typical for awards) and are valued based on the $223.07 closing price on the grant date, equal to roughly $205,000. This is a compensation award for board service (neither a purchase nor a sale).
Key Details
- Transaction date: 2026-02-10 (reported on Form 4 filed 2026-02-12) — filing appears timely.
- Transaction type/code: Award/Grant (A); acquired 919 RSUs at $0.00 (derivative).
- Grant valuation: 919 RSUs × $223.07 = approximately $205,001.
- Conversion/vesting: RSUs immediately vest but cannot be converted into shares until the earlier of the month-end of the three-year anniversary — scheduled to convert on 2029-02-28 per the filing — unless the director defers or separates from service.
- Reason/plan: Granted under the Company’s 2021 Stock Incentive Plan; annual non-management director award (prorated for newly appointed directors).
- Dividend treatment: After dividend distributions, additional RSU equivalents are credited (per company policy).
- Shares owned after transaction: Not specified in this filing.
Context
RSUs are a deferred equity award (a derivative) that become common stock only upon conversion; the $0.00 acquisition price reflects that no cash was paid. Grants to new or non-management directors are routine compensation and do not, on their own, indicate insider buying or selling sentiment.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-02-10+919→ 919 total→ Common Stock (919 underlying)
Footnotes (2)
- [F1]Each non-management director is annually granted restricted stock units ("RSUs") as of the first business day in January. The grant is based on a value on the date of grant of $230,000, with the number of RSUs calculated based on the closing stock price of the Company's common stock on the date of grant. The RSUs immediately vest; however, the director cannot convert any of the RSUs to Company common stock - based on a 1 on 1 conversion - until the earlier of the last day of the month in which the three-year anniversary of the date of the award occurs unless deferred by the director or the date on which the director incurs a separation from service. For a newly appointed director, the RSU grant is prorated to the number of remaining days in the calendar year. After any quarter in which dividends are distributed to shareholders, the director receives additional RSU equivalents.
- [F2]Reporting Person was appointed to the Company's Board of Directors on 02/10/2026. He was granted 919 RSUs as of 02/10/2026 ("Date of Grant"), based on the closing stock price of $223.07 as of the Date of Grant, and pursuant to the Company's 2021 Stock Incentive Plan. The RSUs are scheduled to convert to shares of the Company's common stock on 02/28/2029.